PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: Tom_ who wrote (2665)	10/14/1998 1:01:00 PM
From: Chuzzlewit	Read Replies (1) of 4509

Tomabre, others have noted that fear seems to have gripped this sector, and I concur. How else do you explain that the S&P earnings are projected to grow at only around 6-7% per annum and carry a forward p/e of around 22 while psft is expected to grow at 8 to 9 times that rate and has only a slightly higher forward p/e? That argues to me that earnings growth beyond next year are being ignored. I bought more PSFT yesterday. TTFN, CTC

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